No, if you fail the 20 MSR you go directly to WFT. If you are a male under 34 and do not make it to 3.5 or better on the 20 MSR as of April 1st, 2009, you go home.
I'm starting BMQ on 6 April, and about 4 times so far the recruiters were very specific with me that as a Male under 34 I must...